'92 was the first year - don't let the "only 400hp" fool you. It had 465ft/lbs to push it around. The Mustang had 225hp back then (215hp in the '94/95 5.0), and I have no idea what a C4 Vette made (again, not a Corvette guy).
I love the old ones due to the sheer manliness about them. No BS attitude. However, in 2012 you can't sell a 6 digit car without the gadgets. I think that by adding all the tech, they've opened their doors to new potential buyers that would otherwise go with something more exotic (european). I think that as the car industry progresses, you have to add the tech to stay competitive.